HB346 Alabama 2016 Session
Bill Summary
Currently, members of the Retirement Systems of Alabama are allowed to make contributions to individual retirement accounts administered by the Retirement Systems of Alabama. This bill would require all new employees, beginning January 1, 2017, to contribute monthly to such individual retirement accounts and provides opt-out provisions
Relating to individual retirement accounts; to amend Section 36-27A-5, Code of Alabama 1975, relating to contributions to individual retirement accounts administered by the Retirement Systems of Alabama to require public employees first employed by a participating employer of the Teachers’ Retirement System, Employees’ Retirement System, or Judicial Retirement Fund on or after January 1, 2017 to make contributions to such individual retirement accounts and to provide opt-out provisions.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 1, 2016 | H | Read for the first time and referred to the House of Representatives committee on State Government |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB346 Alabama 2016 Session - Introduced |